Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sets New 52-Week High – Still a Buy?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $103.32 and last traded at $101.55, with a volume of 4490 shares traded. The stock had previously closed at $101.44.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a report on Monday, May 19th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of “Hold” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

The stock has a market cap of $4.44 billion, a P/E ratio of 18.40 and a beta of 0.89. The firm has a 50 day moving average of $90.24 and a two-hundred day moving average of $80.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The company had revenue of $174.65 million during the quarter, compared to analysts’ expectations of $3.58 billion. On average, research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a $2.1363 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is 39.03%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in Grupo Aeroportuario del Centro Norte by 3,581.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after buying an additional 394 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 94.3% in the 4th quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock worth $39,000 after acquiring an additional 279 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock worth $60,000 after purchasing an additional 155 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $116,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.